CANTERBURY is one of the most expensive suburbs in VIC. Median home prices are $2,450,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,205,000 home loan.
Across the whole country CANTERBURY,3126 is number 732th fastest growing suburb by population growth, and 221th in State. Its population grew by 197 people over the last five years.
Mortgage payments in CANTERBURY , 3126 have increased by $984 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CANTERBURY, 3126 should have seen some difference. While the latest census median annual household figure income is now $122,200, it was $101,993 back in 2006, which is a net increase of $20,207 Subtract from that the median mortgage repayment increase of $11,808 and a mortgage broker’s clients could be up to $8,399 better off each year even without factoring in mortgage rate cuts.